Ethereum Classic ETC/USD is trading at the level of 29.95. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in the Ethereum Classic. The test of the lower boundary of the Ichimoku Kinko Hyo Cloud is expected near the area of 31.50, from where one should expect a rebound attempt and continue falling with the target near the level of 22.00.
Ethereum Classic forecast & analysis on March 2, 2018
Earlier, a medium strength signal was received for sell of the Ethereum Classic cryptocurrency, due to the crossing of the signal lines at the level of 31.90. The cancellation of the drop in Ethereum Classic quotations will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with a close above the area of 35.00, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations ETC/USD is with the breakdown of the bottom of the model «Triangle» and closing below 25.50.
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